CACEIS to acquire RBC Investor Services operations in Europe from Royal Bank of Canada.

CACEIS, an asset servicing banking group of Crédit Agricole and Santander, agreed to acquire RBC Investor Services operations in Europe from Royal Bank of Canada, a financial services company. Financial terms are not disclosed. "This combination with RBC Investor Services helps us consolidate our position as a leading European player in asset servicing. We are enhancing our leadership across a range of services, increasing our position in a number of key markets, growing relationships with global asset managers, and increasing our capabilities and scale. Additionally, the staff from RBC Investor Services will bring their expert knowledge of the servicing needs of international investor clients and distribution services," Jean-François Abadie, CACEIS CEO.